Blue Trust Inc. Buys 4,481 Shares of Shinhan Financial Group Co Ltd $SHG

Blue Trust Inc. raised its stake in Shinhan Financial Group Co Ltd (NYSE:SHG) by 21.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,242 shares of the bank’s stock after purchasing an additional 4,481 shares during the period. Blue Trust Inc.’s holdings in Shinhan Financial Group were worth $1,140,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SHG. Wealth Enhancement Advisory Services LLC grew its stake in shares of Shinhan Financial Group by 5.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,321 shares of the bank’s stock valued at $274,000 after buying an additional 442 shares during the period. GAMMA Investing LLC increased its stake in Shinhan Financial Group by 2,895.7% during the 1st quarter. GAMMA Investing LLC now owns 47,093 shares of the bank’s stock valued at $1,468,000 after purchasing an additional 45,521 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Shinhan Financial Group by 45.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 27,201 shares of the bank’s stock valued at $873,000 after purchasing an additional 8,507 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Shinhan Financial Group by 14.7% during the first quarter. Bessemer Group Inc. now owns 4,077 shares of the bank’s stock valued at $131,000 after buying an additional 522 shares during the last quarter. Finally, PDS Planning Inc grew its holdings in shares of Shinhan Financial Group by 6.1% during the first quarter. PDS Planning Inc now owns 13,671 shares of the bank’s stock valued at $439,000 after buying an additional 785 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Trading Down 3.9%

Shares of Shinhan Financial Group stock opened at $49.32 on Friday. The company’s 50-day moving average price is $49.08 and its 200-day moving average price is $43.41. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.48. The company has a market cap of $23.94 billion, a price-to-earnings ratio of 4.94, a PEG ratio of 0.55 and a beta of 0.94. Shinhan Financial Group Co Ltd has a 12-month low of $28.76 and a 12-month high of $52.00.

Analyst Ratings Changes

Several brokerages recently weighed in on SHG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Shinhan Financial Group in a research report on Wednesday. Zacks Research downgraded Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Finally, Wall Street Zen downgraded Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Shinhan Financial Group

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.